ASML CEO says Elon Musk is 'very serious' about TeraFab chipmaking megaproject, confirms direct talks — Musk targets $119 billion Texas semiconductor facility
ASML CEO Christophe Fouquet confirmed direct discussions with Elon Musk regarding the TeraFab semiconductor project, which aims to establish a major chip manufacturing facility in Texas. The project, initially announced with a $20 billion investment, could expand to $119 billion with contributions from Intel. Fouquet also highlighted the increasing demand for AI and its impact on the semiconductor industry's capacity.
- ▪Elon Musk is pursuing the TeraFab project to create a large-scale chip manufacturing operation in Texas.
- ▪The project has an initial investment of $20 billion and could reach $119 billion with potential expansions.
- ▪ASML is the sole supplier of EUV lithography systems necessary for advanced chip production.
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| Publication time | Thu, 21 May 2026 10:40:00 +0000 |
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Tech Industry ASML CEO says Elon Musk is 'very serious' about TeraFab chipmaking megaproject, confirms direct talks — Musk targets $119 billion Texas semiconductor facility News By Luke James published 21 May 2026 First High NA EUV chips expected within months. When you purchase through links on our site, we may earn an affiliate commission. Here’s how it works. (Image credit: Tesla / SpaceX) Copy link Facebook X Whatsapp Reddit Pinterest Flipboard Email Share this article 0 Join the conversation Follow us Add us as a preferred source on Google Newsletter Subscribe to our newsletter ASML CEO Christophe Fouquet said on Wednesday that he has spoken directly with Elon Musk about the TeraFab semiconductor project, telling Reuters that the SpaceX and Tesla founder is "very serious" about…
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